The CARES Act was the largest in both nominal and real measures of fiscal relief/stimulus passed in U.S. history. The package will cost $2 trillion as it stabilizes consumer spending during a period of unprecedented unemployment. Simultaneously, the global pandemic caused a supply-side shock as supply chains experienced delays as households stock up on basic necessities. In terms of aggregate demand and aggregate supply, explain if the CARES Act would cause a significant rise in prices?

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